Tourmaline Pb Ratio vs Book Value Per Share Analysis

TOU Stock

CAD 67.58 0.98 1.43%

Tourmaline Oil financial indicator trend analysis is much more than just breaking down Tourmaline Oil Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tourmaline Oil Corp is a good investment. Please check the relationship between Tourmaline Oil Pb Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Pb Ratio vs Book Value Per Share

Pb Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Pb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Tourmaline Oil's Pb Ratio and Book Value Per Share is -0.35. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Tourmaline Oil Corp, assuming nothing else is changed. The correlation between historical values of Tourmaline Oil's Pb Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Tourmaline Oil Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Pb Ratio i.e., Tourmaline Oil's Pb Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Pb Ratio

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Tourmaline Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tourmaline Oil Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Tourmaline Oil's Selling General Administrative is very stable compared to the past year. As of the 16th of February 2025, Enterprise Value Over EBITDA is likely to grow to 13.87, while Tax Provision is likely to drop about 334.2 M.

	2022	2023	2024	2025 (projected)
Interest Expense	29.9M	38.2M	43.9M	31.4M
Depreciation And Amortization	1.2B	1.3B	1.5B	1.6B

Interest Expense Depreciation And Amortization

Tourmaline Oil fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Currrent Assets Other	Inventory
Total Assets		0.36	0.95	1.0	0.99	0.46	0.97	-0.67	1.0	-0.37	0.93	0.75	0.86	0.16	0.98	0.77	0.96	0.99	0.84	0.85	0.03	0.85	0.45	0.94	0.27	0.07
Other Current Liab	0.36		0.4	0.41	0.3	-0.3	0.52	-0.21	0.34	-0.28	0.63	0.2	0.33	-0.25	0.22	0.61	0.22	0.27	0.56	0.63	-0.28	0.31	-0.34	0.36	0.74	0.2
Total Current Liabilities	0.95	0.4		0.95	0.92	0.22	0.97	-0.54	0.94	-0.34	0.93	0.57	0.76	0.15	0.92	0.84	0.83	0.96	0.76	0.89	-0.09	0.74	0.21	0.99	0.29	0.26
Total Stockholder Equity	1.0	0.41	0.95		0.99	0.44	0.97	-0.68	1.0	-0.39	0.94	0.75	0.86	0.14	0.97	0.78	0.95	0.98	0.86	0.86	0.02	0.86	0.43	0.93	0.3	0.07
Property Plant And Equipment Net	0.99	0.3	0.92	0.99		0.54	0.94	-0.7	1.0	-0.37	0.89	0.79	0.87	0.19	0.99	0.7	0.98	0.98	0.83	0.79	0.08	0.87	0.53	0.91	0.2	0.02
Net Debt	0.46	-0.3	0.22	0.44	0.54		0.25	-0.61	0.5	-0.13	0.21	0.82	0.64	0.41	0.54	-0.01	0.68	0.46	0.46	0.08	0.5	0.66	0.98	0.23	-0.15	-0.48
Retained Earnings	0.97	0.52	0.97	0.97	0.94	0.25		-0.58	0.96	-0.36	0.98	0.63	0.79	0.07	0.92	0.86	0.87	0.95	0.84	0.93	-0.12	0.79	0.24	0.95	0.39	0.18
Cash	-0.67	-0.21	-0.54	-0.68	-0.7	-0.61	-0.58		-0.69	0.53	-0.57	-0.73	-0.69	-0.32	-0.68	-0.42	-0.71	-0.65	-0.67	-0.44	-0.56	-0.72	-0.54	-0.54	-0.2	0.51
Non Current Assets Total	1.0	0.34	0.94	1.0	1.0	0.5	0.96	-0.69		-0.38	0.91	0.77	0.86	0.17	0.99	0.74	0.97	0.99	0.84	0.82	0.05	0.86	0.48	0.93	0.24	0.05
Cash And Short Term Investments	-0.37	-0.28	-0.34	-0.39	-0.37	-0.13	-0.36	0.53	-0.38		-0.36	-0.31	-0.41	0.24	-0.34	-0.33	-0.32	-0.34	-0.36	-0.22	-0.23	-0.37	0.03	-0.27	-0.16	0.17
Net Receivables	0.93	0.63	0.93	0.94	0.89	0.21	0.98	-0.57	0.91	-0.36		0.64	0.79	0.07	0.86	0.91	0.82	0.89	0.87	0.96	-0.12	0.78	0.19	0.91	0.56	0.2
Common Stock Total Equity	0.75	0.2	0.57	0.75	0.79	0.82	0.63	-0.73	0.77	-0.31	0.64		0.94	0.26	0.74	0.4	0.84	0.71	0.87	0.5	0.28	0.96	0.76	0.57	0.22	-0.22
Common Stock Shares Outstanding	0.86	0.33	0.76	0.86	0.87	0.64	0.79	-0.69	0.86	-0.41	0.79	0.94		0.23	0.83	0.6	0.88	0.83	0.94	0.68	0.09	0.99	0.57	0.75	0.31	-0.05
Short Term Investments	0.16	-0.25	0.15	0.14	0.19	0.41	0.07	-0.32	0.17	0.24	0.07	0.26	0.23		0.21	0.0	0.25	0.2	0.14	0.06	0.46	0.19	0.45	0.24	-0.04	-0.44
Non Current Liabilities Total	0.98	0.22	0.92	0.97	0.99	0.54	0.92	-0.68	0.99	-0.34	0.86	0.74	0.83	0.21		0.73	0.96	1.0	0.77	0.8	0.09	0.83	0.53	0.92	0.18	0.01
Other Current Assets	0.77	0.61	0.84	0.78	0.7	-0.01	0.86	-0.42	0.74	-0.33	0.91	0.4	0.6	0.0	0.73		0.61	0.77	0.67	0.97	-0.15	0.57	-0.03	0.81	0.72	0.22
Other Stockholder Equity	0.96	0.22	0.83	0.95	0.98	0.68	0.87	-0.71	0.97	-0.32	0.82	0.84	0.88	0.25	0.96	0.61		0.94	0.81	0.71	0.12	0.88	0.67	0.82	0.15	-0.09
Total Liab	0.99	0.27	0.96	0.98	0.98	0.46	0.95	-0.65	0.99	-0.34	0.89	0.71	0.83	0.2	1.0	0.77	0.94		0.78	0.83	0.05	0.82	0.46	0.95	0.21	0.07
Property Plant And Equipment Gross	0.84	0.56	0.76	0.86	0.83	0.46	0.84	-0.67	0.84	-0.36	0.87	0.87	0.94	0.14	0.77	0.67	0.81	0.78		0.77	0.01	0.95	0.4	0.74	0.47	0.02
Total Current Assets	0.85	0.63	0.89	0.86	0.79	0.08	0.93	-0.44	0.82	-0.22	0.96	0.5	0.68	0.06	0.8	0.97	0.71	0.83	0.77		-0.18	0.66	0.08	0.88	0.66	0.26
Short Term Debt	0.03	-0.28	-0.09	0.02	0.08	0.5	-0.12	-0.56	0.05	-0.23	-0.12	0.28	0.09	0.46	0.09	-0.15	0.12	0.05	0.01	-0.18		0.14	0.47	-0.06	-0.1	-0.72
Common Stock	0.85	0.31	0.74	0.86	0.87	0.66	0.79	-0.72	0.86	-0.37	0.78	0.96	0.99	0.19	0.83	0.57	0.88	0.82	0.95	0.66	0.14		0.6	0.73	0.27	-0.08
Short Long Term Debt Total	0.45	-0.34	0.21	0.43	0.53	0.98	0.24	-0.54	0.48	0.03	0.19	0.76	0.57	0.45	0.53	-0.03	0.67	0.46	0.4	0.08	0.47	0.6		0.24	-0.19	-0.45
Accounts Payable	0.94	0.36	0.99	0.93	0.91	0.23	0.95	-0.54	0.93	-0.27	0.91	0.57	0.75	0.24	0.92	0.81	0.82	0.95	0.74	0.88	-0.06	0.73	0.24		0.28	0.26
Non Currrent Assets Other	0.27	0.74	0.29	0.3	0.2	-0.15	0.39	-0.2	0.24	-0.16	0.56	0.22	0.31	-0.04	0.18	0.72	0.15	0.21	0.47	0.66	-0.1	0.27	-0.19	0.28		0.1
Inventory	0.07	0.2	0.26	0.07	0.02	-0.48	0.18	0.51	0.05	0.17	0.2	-0.22	-0.05	-0.44	0.01	0.22	-0.09	0.07	0.02	0.26	-0.72	-0.08	-0.45	0.26	0.1

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Tourmaline Oil Account Relationship Matchups

Tourmaline Oil fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	12.8B	15.3B	18.9B	20.5B	23.6B	24.7B
Other Current Liab	63.8M	269.3M	404.9M	83.9M	96.5M	112.1M
Total Current Liabilities	517.7M	1.1B	1.4B	1.6B	1.8B	1.9B
Total Stockholder Equity	8.8B	11.6B	13.7B	14.0B	16.1B	16.9B
Property Plant And Equipment Net	12.2B	13.8B	14.8B	17.5B	20.1B	21.1B
Net Debt	1.7B	891.9M	639.4M	1.1B	1.3B	963.7M
Retained Earnings	2.2B	3.8B	5.7B	5.2B	6.0B	6.3B
Cash	(10.9M)	220.2M	(11.2M)	(10.2M)	(9.1M)	(8.7M)
Non Current Assets Total	12.2B	14.6B	16.6B	18.8B	21.6B	22.7B
Cash And Short Term Investments	12.1M	220.2M	(11.2M)	(10.2M)	(9.1M)	(8.7M)
Net Receivables	363.6M	652.2M	1.1B	731.1M	840.7M	882.8M
Common Stock Shares Outstanding	272.1M	316.8M	342.5M	345.4M	397.2M	252.3M
Liabilities And Stockholders Equity	12.8B	15.3B	18.9B	20.5B	23.6B	24.7B
Non Current Liabilities Total	3.0B	2.6B	3.8B	4.9B	5.6B	5.9B
Other Current Assets	45.7M	37.5M	1.2B	564.3M	649.0M	681.5M
Other Stockholder Equity	307.2M	284.3M	288.3M	345.6M	397.4M	417.3M
Total Liab	3.5B	3.7B	5.2B	6.5B	7.4B	7.8B
Property Plant And Equipment Gross	12.2B	19.8B	21.9B	17.5B	20.1B	10.1B
Total Current Assets	629.5M	689.7M	2.2B	1.3B	1.5B	1.6B
Short Term Debt	3.4M	6.0M	6.2M	5.8M	6.7M	13.3M
Common Stock	6.3B	7.5B	7.7B	8.5B	9.8B	5.3B
Short Long Term Debt Total	2.0B	880.7M	629.3M	1.1B	1.3B	1.2B
Accounts Payable	450.5M	775.5M	1.0B	1.1B	1.3B	1.3B
Non Currrent Assets Other	7.1M	12.2M	1.2B	2.1M	2.4M	2.3M
Inventory	(12.1M)	1.0	11.2M	10.2M	11.7M	12.3M
Other Liab	1.1B	1.0B	1.8B	3.1B	3.6B	3.8B
Net Tangible Assets	7.8B	8.8B	11.6B	13.7B	15.7B	8.4B
Other Assets	7.1M	12.2M	1.2B	385.9M	443.8M	466.0M
Long Term Debt	1.9B	869.6M	619.1M	1.1B	1.3B	1.3B
Property Plant Equipment	10.9B	12.2B	13.8B	14.8B	17.0B	10.9B
Long Term Debt Total	1.6B	2.0B	877.7M	626.2M	563.5M	1.1B
Capital Surpluse	287.4M	307.2M	284.3M	288.3M	331.6M	275.4M
Long Term Investments	0.0	745.9M	648.2M	608.0M	699.2M	734.2M
Net Invested Capital	10.8B	12.5B	14.3B	15.1B	17.4B	12.5B

Pair Trading with Tourmaline Oil

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tourmaline Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tourmaline Stock

0.63	ENB-PFC	Enbridge Pref 11	Pair Corr
0.67	ENB-PFU	Enbridge Pref L	Pair Corr
0.71	ENS	E Split Corp	Pair Corr
0.64	ENS-PA	E Split Corp	Pair Corr

Moving against Tourmaline Stock

0.51

PIC-A

Premium Income

Pair Corr

The ability to find closely correlated positions to Tourmaline Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tourmaline Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tourmaline Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tourmaline Oil Corp to buy it.

The correlation of Tourmaline Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tourmaline Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Tourmaline Stock

Balance Sheet is a snapshot of the financial position of Tourmaline Oil Corp at a specified time, usually calculated after every quarter, six months, or one year. Tourmaline Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tourmaline Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Tourmaline currently owns. An asset can also be divided into two categories, current and non-current.

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Tourmaline Pb Ratio vs Book Value Per Share Analysis

Pb Ratio vs Book Value Per Share

Pb Ratio vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Pb Ratio

Book Value Per Share

Tourmaline Oil fundamental ratios Correlations

Tourmaline Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tourmaline Oil fundamental ratios Accounts

Pair Trading with Tourmaline Oil

Moving together with Tourmaline Stock

Moving against Tourmaline Stock

Other Information on Investing in Tourmaline Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets

Common Stock Total Equity	- 0.73	Cash
Inventory	- 0.72	Short Term Debt
Common Stock	- 0.72	Cash
Other Stockholder Equity	- 0.71	Cash
Cash	- 0.7	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.69	Cash